Home to roost 25 October 2019 Simon Rogan returns to hotel restaurants with the global-influenced Henrock in the Lake District, where he “doesn’t need to show off any more”
In this week's issue... Home to roost Simon Rogan returns to hotel restaurants with the global-influenced Henrock in the Lake District, where he “doesn’t need to show off any more”
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Turnover at the Pig's parent company climbs to £14.2m

05 October 2016 by
Turnover at the Pig's parent company climbs to £14.2m

Three of the four Pig properties recorded occupancy rates of over 90% in 2015, according to the latest financial results for parent company Home Grown Hotels, lodged at Companies House.

The 23-bedroom Pig on the Beach achieved the highest occupancy of 96%, alongside a revenue of £4.2m, EBITDA of £1m and average daily restaurant covers of 154.

Occupancy at the original 31-bedroom Pig, near Brockenhurst in the New Forest, which opened in 2011, was 94%, with turnover increasing by 13.5% to £4.7m, EBITDA was £1.1m (2014: £1m) and average daily covers were up 12.4% to 181. Robin Hutson, director of Home Grown Hotels, said in the company's strategic report: "Behind these excellent statistics lies the ability of the hotel's management to efficiently handle such large numbers."

The 29-bedroom Pig near Bath generated a revenue of £4.2m, EDITDA of £1m, occupancy of 91% and average daily covers of 154.

Meanwhile, the 12-bedroom Pig in the Wall in Southampton was said to have had "an exceptional year" for such a small operation with a deli counter in place of a full restaurant offering. An occupancy of 81% was achieved alongside a revenue of £700,000, EBITDA of £200,000, and and of 73 visits a day to the deli counter.

This year has seen continued strong demand for all the Pig hotels, including the new 27-bedroom Pig at Combe, near Honiton, Devon, which opened in July.

The Pig at Combe to open in July >>

The Pig's parent company reports annual turnover of £4.5m >>

Business profile: The Pig hotels >>

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